The Business Times, 9 September 2000
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2000-09-09
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The Business Times
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Title Section15 2000-09-09 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE SATURDAY, SEPTEMBER 9, 2000 pntemet: http://business-times.asial .com.sg/15 words
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Article74 2000-09-09 1 sn 243SJK (-6.44) BT-SBI 828J1 (+0.39) ST INDEX FUTURES *****0 (-24.00) ansa FUTURES ***** (4.00) STOCK MARKET INDICES Friday Qiange KLSE COMP 739.81 -188 NIKKEI 225 +201.09 RANG SENG 17,275.46 -1665 SET INDEX 287.07 -124 JAKARTA COMP _470JB -1.67 MANILA COMP _l.623.69 >0.65 TAIPEI WPI 7,367.99 -62J4 SEOUL74 words
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Article73 2000-09-09 1 FOBEX BATES USs s$ USJ 1.7M £(US$/S$ per 1.486 2.486 EUR0(TJS$/S5/E) 0.872 lill DM 124! 1.294 YEN 1054 6050 RM 1800 1193 HKS 7.799 4501 BAHT 41J0 23.95 RUP1AH &390 4^42 PMME BATES SINGAPORE* 5.80 Kl'ALA LTMPL'R 7.67 JAKARTA JW.O0 BANGKOK 950 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY73 words
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1210 2000-09-09 1 Serena Ng, Marissa Chew - All eyes now on response of DBS, OCBCand Eeppel Tat Lee by\ Serena Ng, Marissa Chew [SINGAPORE] The cut in housing loan rates by Overseas Union Bank (OUB) escalated yesterday into what looks like a price war that analysts said would help1,210 words
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461 2000-09-09 1 Siow Li Sen - RTIsVMIIUmJ Under new law planned, online dealers, investment advisers need a licence Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore (MAS) is considering publishing the names of foreign financial websites that refuse to be licensed. a tacit recognition of the difficult task that461 words
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Article, Illustration489 2000-09-09 1 David Boey - ifiTItIMIIUWJ The contract will lift Omni sales by more than 10% this year By David Boey [SINGAPORE] HewlettPackard, the world's biggest producer of personal handheld computers, announced yesterday that all its palmtops will be made in Singapore by Omni Industries. OmniSource: Bloomberg - 489 words
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Article, Illustration853 2000-09-09 1 Pullonts by CMGI and GigaMedia cast shadow on other CyberWorks deals Bloomberg, Reuters [HONGKONG] Richard Li's Pacific Century CyberWorks was hit with a double whammy yesterday when two highprofile deals with international partners came unstuck, sending its shares slumping. Bombshell No 1 cameBloomberg,; Reuters; Source: Bloomberg - 853 words
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Page 1 Advertisements
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Advertisement79 2000-09-09 1 INSIDE Top stories Tenaga snubbed by ex-chairman. Next Page Big bucks still elude S'pore arts scene. Next Page Allgreen interim dips 11.9%. Pg 3 OUBS scores in ranking of online brokerages. Pg 4 Former Ipco chairman to terminate share sale. Pg 5 Help poor states cope with globalisation, PM Goh79 words
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Advertisement28 2000-09-09 1 j THE ARTS L A season Of Showcase of Zf v m South'CZiSl Asi*tn «*rl v dance |Li' JT/, Mexican A 4 potpourri A v in Singapore \J28 words
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NEXT page
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ON THE grapevine
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Article55 2000-09-09 2 BNP Paribas says it is number 2 in the world of commodity financing. So who's number one? "Oh, many claim to be number one. But we know we are number two," said a senior BNP Paribas executive. The banks supposedly in the number one position55 words
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Article87 2000-09-09 2 THE showflat for a new project being previewed will be open only in the evenings for the first two days. The developer says this is to enable potential buyers to better appreciate the beauty of the luxurious garden setting during the evening. Some sceptical market watchers, however,87 words
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Article139 2000-09-09 2 THERE are many reasons for press conferences to be cancelled. But here's one that's pretty unique. hkcyber.com (Holdings) and Kite Network have been rescheduling their press conference in Hongkong. They said on Thursday that the reason for the repeated rescheduling was the failure to receive satellite signals because139 words
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Article127 2000-09-09 2 TODAY is a historic day. Fifty-five years ago, on Sept 9, 1945, the first "computer bug" was identified. US Navy officer Lieutenant Grace Murray Hopper was working on a "Mark II Aiken Relay Calculator" at Harvard University when she found a moth in the contraption127 words
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Article, Illustration397 2000-09-09 2 Eddie Toh - Analysts expect Tenaga shares to resume slide following his rejection From. Eddie Toh in Kuala Lumpur AS leadership uncertainty continues to play out at Tenaga Nasional, analysts hold fears for the depressed share price of the national utility which has overtaken Telekom Malaysia asFILE PHOTO - 397 words
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Article, Illustration608 2000-09-09 2 Cheah Ui-Hoon - New report presents salient research done on financial viability of local arts liy Cheah Ui-Hoon [SINGAPORE] WHILE the arts are a fastgrowing area of interest for Singaporeans, they have yet to show a great leap in terms of money-making possibilities,608 words
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651 2000-09-09 2 A&2 rating focuses attention on Japan's growing public debt Reuters IS Japan, the world's biggest creditor nation with the biggest foreign reserves on earth, a worse credit risk than Bermuda? Moody's Investors Service apparently thinks so, cutting its rating on the Japanese government's yen-based debtReuters - 651 words
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Page 2 Advertisements
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Advertisement14 2000-09-09 2 8 CATERING Sniff out a spread of yummy treats here. The Straits Times Classified14 words
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SINGAPORE companies
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Article, Illustration529 2000-09-09 3 Teh Hooi Ling - OPH posts interim loss of $10m; YHS loses $2.3 m "y Teh Hooi Ling FAR East Organization's two listed units. Orchard Parade Holdings (OPH) and Yeo Hiap Seng (YHS), both sank into the red for the six months ended June 30. Property529 words
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Article, Illustration517 2000-09-09 3 Kalpana Rashiwala - Disappointing analysts, it says fall-year profit may be less than 1999's By] Kalpana Rashiwala ALLGREEN has disappointed analysts, posting an 11.9 per cent drop in interim net earnings to $40.1 million and warning that full-year profit was likely to be lower thanFILE PHOTO - 517 words
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235 2000-09-09 3 David Boey - By\ David Boey LISTED food-and-beverage company Auric Pacific yesterday reported a 54.7 per cent jump in half-time net earnings to $2.4 million despite a 17.8 per cent fall in turnover to $62.1 million. Earnings per share for the six months to June 30235 words
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258 2000-09-09 3 Andrea Tan - Claim for RM57.6m against firm was earlier dismissed Byi Andrea Tan KAY Hian Holdings said yesterday a customer's appeal against a judgment in which the latter is claiming RM57.6 million from subsidiary Kay Hian Pte Ltd is deemed to be withdrawn. The258 words
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418 2000-09-09 3 Ven Sreenivasan - By Ven Sreenivasan HUGE foreign exchange losses and a sharp dive in investment income dragged down Prima Ltd's interim earnings for the period ended June 30 by 75 per cent to $6.4 million, from $25.5 million previously. Turnover was almost stagnant at418 words
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Article, Illustration427 2000-09-09 4 Serena Ng - It tops Lafferty's Asia-Pacific ranking outside of Australia Serena Ng OUB Securities said yesterday Lafferty Internet Ratings had ranked it the top Asia-Pa-cific on-line brokerage outside of Australia, ahead of its local competitors. Lafferty, an international benchmarking research service for on-line financial services,FILE PHOTO - 427 words
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324 2000-09-09 4 Ven Sreenivasan - From Sept 18,122 stocks will be in its Global Index family, from 50 now By Ven Sreenivasan THE Dow Jones Global Index has increased the representation of the Singapore bourse to 95 per cent of market capitalisation, from 80 per cent. The change324 words
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864 2000-09-09 4 g panicker - HOCK IBMi'l g panicker POLICY makers at the Organisation of Petroleum Exporting Countries have every reason to do some backslapping when they meet in Vienna tomorrow. Their decision to shave some 2.5 million barrels off production two years ago has864 words
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Article4724 2000-09-09 4 Net Mm CPS Magnecomp Aug 3! I 8.974 4.397 4.50 2.20 Oat* TY LY TY LY MarcoPolo Jun 30 P 202.432 80.695 50.8 20.2 Comoanv ann ($m) (Sm) (cts) (cts) Medl-R«d Aug 30 I 0.927 0.80« 0.60 0.S9 MedTecs US$ Sap 04 I 1.478 1.654 0.504,724 words
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501 2000-09-09 5 Conrad Raj - No completion despite one week's extension; bnt management change not affected, say sources By Conrad Raj IPCO International's plans to transform itself from an Old Economy infrastructure laggard to a leading New Economy player appear to be in doubt501 words
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Article, Illustration269 2000-09-09 5 Christopher Tan - It pays $4.74 m for 19.3% stake in BMW dealer German Anto Byi Christopher Tan LISTED transport company Comfort Group has taken a minority stake in a BMW dealership in China. Wholly-owned subsidiary Comfort (China) paid $4.74 million for 19.3 per cent of German Automobiles,FILE PHOTO - 269 words
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182 2000-09-09 5 MAINBOARD-LISTED Datacraft Asia, the region's leading network systems integrator and e-business enabler, has been selected by DBS Bank to design and implement the first phase of its Internet-Protocol (IP)-based network. The new IP network based on Cisco Systems' best-in-class technology is estimated182 words
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COMPANYBriefs
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47 2000-09-09 5 AIROCEAN Group has paid $1.7 million for a 51-percent stake in local trucking company Road Express Pte Ltd. Air Ocean, which operates a portfolio of air transportation related business, said this would help consolidate their outbound, inbound and airport operations, improving overall efficiency.47 words
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Article44 2000-09-09 5 HONG Lai Huat Group's wholly-owned subsidiary Hong Lai Huat Construction Pte Ltd has won a $32.28 million HDB upgrading contract for the Marsiling Drive precinct. The contract brings the group's total projects on hand to $155.8 million.44 words
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Article78 2000-09-09 5 MAINBOARD-LISTED construction company Lim Kah Ngam Ltd has appointed Lua Cheng Eng. presently chairman of Neptune Orient Lines Ltd, as a director, and chairman of the audit committee. Mr Lua was chairman of Jurong Shipyard Ltd up till last June. The company has also78 words
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Article64 2000-09-09 5 MCALISTER and Company Ltd (McA), a subsidiary of construction company United Engineers Ltd, has bought the remaining 300,000 shares in Delichem Pte Ltd for $1.3 million from Ong Teng Hwee and Khoo Thiam Him. The purchase of the 30 per cent stake makes Delichem a64 words
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69 2000-09-09 5 GP Batteries International has signed a subscription agreement for the issue of US$6O million (Sslo3 million) floating rate notes due September 2003. BNP Paribas (Singapore), the Hongkong and Shanghai Banking Corp and KBC Bank NV (Singapore) are the joint lead managers for the issue.69 words
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Article48 2000-09-09 5 PRESSCRETE Holdings said that out of total proceeds from its August placement, it used $1.04 million to repay a loan taken by its subsidiary Ceramic Technologies Pte Ltd. Another $323,000 went to cover construction costs and expenses of the CT factory at Tuas Crescent.48 words
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Page 3 Advertisements
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Advertisement97 2000-09-09 3 BHIB HHHB Corporate gifts that won't wear out their welcome. i 'S #k With these fashionable and stylish golf shirts by Cutter Buck, Fila and other prestigious labels, your clients, partners and other happy recipients will be proud to wear them both on and off the golf course! Embroider your97 words
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Page 5 Advertisements
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Advertisement216 2000-09-09 5 Iver Ships A Brostrom Royal vopak network company Iver Ships operates a fleet of 24 modern Product-Chemical tankers ranging from 17.000 dwt to 45,000 dwt, with 4 additional newbuildings to be delivered in 2001 The company's head office is in Sandefjord, Norway iver Ships has a commercial office in Singapore,216 words
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Advertisement151 2000-09-09 5 •"T I 111 jl If you are enthusiastic about the securities industry and would like to be a remisier, we can initiate you towards your goal. We are looking for mature people with drive and good potential client network to be part of our organisation. If you have passed the151 words
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SINGAPORE markets
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Article, Illustration181 2000-09-09 6 Ven Sreenivasan - WARRANT WATCH -By Ven Sreenivasan THE warrant of ITE Electric was relatively active yesterday as it gained half a cent to 5.5 cents on 213,000 units traded. This was despite the underlying stock drifting half a cent lower to 27 cents on volume181 words
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Article498 2000-09-09 6 Stock* Volume Vibropower 5c 13,816,000 IPC020C 11,009,000 Briertoy NZ10c 9,493,000 TransviewlOc 8,251,000 Boardroom 5c 5,874,000 PacCent ML CW*****5 5.169.000 Oeim5c 4,744,000 Kep FELS Energy 50c 4,398,000 Eastern Asia 4,323,000 MiyoshiSc^-™^^ Stocks 1 beSQrp 28,918,614 Chart Semiconductor 26c 26,297,588 PacificCentury 25,850,600 VeotureMfg25c 17,307,900 NatEJeclOc 14,060,576 DBS Land 11,894,920 SingTel 15c 11,028.150498 words
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Article, Illustration515 2000-09-09 6 ven sreenivasan - STOCKS ven sreenivasan SINGAPORE shares ended the week on a flat note, with electronics counters falling despite a 2.1 per cent overnight rise in Wall Street's tech-heavy Nasdaq Composite Index. The benchmark Straits Times Index would have ended about 10 points lower had515 words
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Article, Illustration242 2000-09-09 6 Ven Sreenivasan - HOT STOCK -By Ven Sreenivasan THE Singapore Airlines stock has been volatile in recent sessions amid renewed fears rising fuel prices could hit the company's bottom line. The counter slid 10 cents yesterday to $16.70. But the fall was on relatively low volume of 663,000,242 words
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Article196 2000-09-09 6 ♦The chief executive'officer of Berger International, Ngan Yow Chong, has resigned with effect from Aug 31. The chief operating officer, Jeffrey Wee, will cover the duties of the CEO. ♦Chew Eu Hock has clinched a major $32.4 million contract from the Land Transport Authority as well as a196 words
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Article, Illustration333 2000-09-09 6 larry wee - CURRENCIES larry wee THE euro and Australian dollar enjoyed a pre-weekend respite after hitting new lows in overnight trading, and regional currencies weakened in line with the Japanese yen in Asian markets. Heavy overnight selling in Europe and the US sawSource: Reuters - 333 words
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Page 6 Advertisements
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Advertisement775 2000-09-09 6 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF EOO.COM PTf LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50,775 words
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Advertisement310 2000-09-09 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OIXON SMITH COMPANY (PTE.) LIMITED (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 20 Jalan Piala Singapore *****0 on the Ist day of310 words
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Advertisement49 2000-09-09 6 Grow Your CPF With eiBht Important All applications for units in eight must be mode on Hie application forms accompanying the prospectus Investors must read the prospectus The value of the units and the income from them may fall us I well as use SSI v l »SHAT I49 words
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SINGHAPORE news
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Article, Illustration505 2000-09-09 7 Chuang Peck Ming - He says UN chief should have regular meetings with IMF, World Bank By Chuang Peck Ming THE United Nations should take the lead and get the likes of the International Monetary Fund and the World Bank together to help poorerFILE PHOTO - 505 words
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439 2000-09-09 7 Teh Hooi Ling - High-speed data network to cover key business centres Ry* Teh Hooi Ling SINGAPORE Telecom has formed a strategic alliance with China Netcom Corporation (CNC), a Chinese stateowned telecommunication enterprise, to offer intra-cor-porate communications services between China and major global business centres.439 words
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237 2000-09-09 7 SINGAPORE is the world's best business destination, according to more than 10,000 readers polled by the magazine Business Traveller Asia Pacific. The annual survey is considered a barometer of the regional travel industry's performance. The judging criteria include cleanliness, ease of doing business and237 words
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Article, Illustration323 2000-09-09 7 Anna Teo - By Anna Teo OTHER than the key financial services, most service industries fared well in the second quarter, recording good growth in operating income. The overall business receipts index for services, released yesterday by the Department of Statistics, rose 3.8 per cent inSource: Dept of Statistics - 323 words
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859 2000-09-09 8 Kalpana Rashiwala - Three Ernst Young partners confirmed as judicial managers for Tararone w Kalpana Rashiwala PRELIMINARY investigations by Ernst Young has shown that most of the $342 million loaned by Sogo unit Tararone Investments to its sole shareholder, SIDC Singapore,859 words
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Article, Illustration698 2000-09-09 8 Siow Li Sen - Goal is not simply to produce award winners, says Asia-Pacific president By! Siow Li Sen THE merger and all the attendant noise and work is finally over. While clients may be impressed by the big numbers theCHRIS LOH - 698 words
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Article110 2000-09-09 8 Patrick Tan Managing director, DBSAM Singapore via Internet - Patrick Tan Managing director, DBSAM Singapore via Internet IN response to the article "Into the lower risk zone" in Executive Money (BT, Sept 8), I'd like to clarify a few points on DBS Asset Management's Enhanced Income Fund. 1. The fund targets a return in excess110 words
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96 2000-09-09 8 Charlie Chan Australia, via Internet - mailptti Charlie Chan Australia, via Internet SINGAPORE broking houses charge too much for Internet trading, compared with their counterparts in Australia. Here are some figures. ♦Commonwealth Bank Securities charges As 29 per trade (up to A$10,000) and 0.1 per cent per trade96 words
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Article, Illustration483 2000-09-09 8 Audrey Tan - More scholarships, overseas training schemes in the offing Ihjk Audrey Tan SINGAPORE will spur the development of its life sciences industry by training more scientists and researchers in this field. Economic Development Board (EDB) chairman Philip Yeo said yesterday that the EDB would expandFILE PHOTO - 483 words
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411 2000-09-09 8 SINGAPORE Management University will ofFer degree courses in accountancy from next year, in line with the government's plan to encourage more competition between the three universities here. Deputy Prime Minister Tony Tan said after meeting SMU's board and management yesterday that the government411 words
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Advertisement18 2000-09-09 8 rn^^^^wSSmSßSSmSmmm alaßliMMittiiM I IBTODAY®S si?im ■Lianhe Zaobao NT 200 million yearly donation to charity From Taiwan entrepreneur 2iZ"&rf5WiJR18 words
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Advertisement68 2000-09-09 8 We welcome letters. E-mail us at btletterQsph. com. sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear68 words
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e-NEWS
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638 2000-09-09 9 BRUSSELS No details given bnt it's working hard to win EU anti-trust clearance Bloomberg, AP AMERICA Online Inc has offered to modify its plan to buy Time Warner Inc in an attempt to win European Union anti-trust clearance for the US$l47 billionBloomberg,; AP - 638 words
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267 2000-09-09 9 WASHINGTON LAT-WP NEXTEL Communications Inc, the Reston, Virginiabased national mobile telephone company, is in discussions with AT&T Wireless about a merger that would create a US$lOO billion (Ssl73 billion) enterprise with some 18 million customers in markets across the country, sourcesLAT-WP - 267 words
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Article, Illustration69 2000-09-09 9 TSYDNE Y1 Carlos Florez (right), an administrator with the Colombian Olympic team, concentrates on composing an e-mail message while athletes queue up for their turn at an Internet cafe at the Olympic Athletes Village yesterday. The Internet cafe called "Surf Shack is run by IBM computersREUTERS - 69 words
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272 2000-09-09 9 U ARMONK, New York Bloomberg INTERNATIONAL Business Machines Corp will soon hide an antenna for wireless computing inside its least expensive ThinkPad notebook to sell to businesses and colleges lacking extensive wired networks. It aims to sell relatively inexpensive laptop computers to small businessesBloomberg - 272 words
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348 2000-09-09 9 WASHINGTON AP, Reuters, Bloomberg FEDERAL regulators announced five enforcement actions against promoters who allegedly used the Internet to claim they have reaped huge profits from sure-fire systems for trading commodities. Disclosure of the actions on Thursday by the Commodity Futures TradingAP,; Reuters,; Bloomberg - 348 words
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394 2000-09-09 9 SANTA CLARA, California Bloomberg SONY Corp said batteries in its laptop computers running Transmeta Corp processors last about twice as long as those with Intel Corp chips, a sign that Transmeta's design can deliver on expectations. Sony chose Transmeta's Crusoe chipBloomberg - 394 words
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659 2000-09-09 9 LOS ANGELES Its service does not copy any musical work, says company Reuters SONG-SWAP company Napster Inc. embroiled in a landmark copyright lawsuit against the recording industry, on Thursday distanced itself from a federal judge's strong ruling against MP3.com Inc. On Wednesday, USReuters - 659 words
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eBriefs
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Article73 2000-09-09 9 Reuters [FRANKFURT] Germany's SAP SI yesterday said its initial public offering was more than 10 times oversubscribed, valuing the software consultancy at almost 700 million euros (Ssl .06 billion) at an expected issue price of 19 euros. The SAP SI shares have already been quotedReuters - 73 words
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Article97 2000-09-09 9 Reuters [NEW YORK) Financial services company American Express Co said on Thursday it soon would enable its cardholders to avoid revealing account numbers when making online purchases, to combat Internet shopping fraud. The company, best known for its green charge cards and travellers checks, said itsReuters - 97 words
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75 2000-09-09 9 Reuters [HONGKONG] Digital World yesterday said it had acquired a 5 per cent stake in Cyber World Technology from privately held Zelma's Co for HKS3O million (556.7 million). Cyber World's main asset is its ownership of Beijing Spatial Port Network, a whollyReuters - 75 words
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65 2000-09-09 9 AFP [NEW DELHI] US-based wireless application provider (WAP) Cellmania announced on Thursday a tie up with domestic telecoms firm Airtel which operates cellular phone services in Delhi and Bombay. Ronjon Nag, president of Cellmania, said the customers of Airtel would be able toAFP - 65 words
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71 2000-09-09 9 Reuters [TOKYO] Japan's Nintendo Co plans to open more than 10 overseas stores selling products based on its popular Pokemon video game characters, starting in New York and London early next year, it said yesterday. The world's leading videogame maker hopes the blockbuster PocketReuters - 71 words
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MALAYSIA news
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Article, Illustration636 2000-09-09 10 Diana Oon Abdullah - He urges bankers to change lending practices to support new businesses From) Diana Oon Abdullah in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad yesterday said that there were no plans to change existing policies to attract venture capital funds into the636 words
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Article, Illustration408 2000-09-09 10 KUALA LUMPUR Its domestic market share seen falling to 30% from 65% 5 years after liberalisation PERUSAHAAN Otomobil Nasional Bhd (Proton)'s share of the domestic car market will shrink to about 30 per cent a few years after the liberalisation brought about byAFP - 408 words
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352 2000-09-09 10 KUALA LUMPUR Funds will be nsed to repay Cosway and Beijaya Land Bloomberg MALAYSIAN business tycoon Vincent Tan is once again calling on shareholders of Berjaya Group Bhd, which has interests in lottery, property and consumer products, to help him repayBloomberg - 352 words
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Article296 2000-09-09 10 KUALA LUMPUR Reuters MALAYSIA'S special adviser to the Finance Ministry Mustapa Mohamed said yesterday he was not aware of any government plan to issue sovereign bonds this year. "I'm not aware of that." he told reporters when asked about market talk that Malaysia mayReuters - 296 words
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318 2000-09-09 10 MANILA It finds the proposal to be 'vastly skewed towards the domestic lenders' Bloomberg, Reuters THE Malaysian government agency that holds debt backed by shares in National Steel Corp (NSC) has rejected a rehabilitation plan for the Philippines' biggest steelmaker, leaving liquidation a possibility.Bloomberg,; Reuters - 318 words
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MARKET moves
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Article62 2000-09-09 10 Bloomberg MALAYSIAN Airline System extended declines for a third day yesterday after crude oil prices surged to their highest level in 10 years, prompting concern the national carrier's earnings will be hurt by climbing fuel costs. MAS fell 14 sen, or 4.4 per cent, to RM3.06,Bloomberg - 62 words
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Article72 2000-09-09 10 Reuters AMCORP, down 26 sen or 13.5 percent at RM1.67, was the day's most active stock with 5.8 million shares traded. It accounted for about 5 per cent of the day's total volume. Dealers said Amcorp stock is playing catch-up with its banking arm AMMBReuters - 72 words
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Article31 2000-09-09 10 Bloomberg TELEKOM Malaysia fell 5 sen to RM9.70, its lowest in 17 months. It has fallen 12 per cent since it posted lower-than-expected earnings last month. BloombergBloomberg - 31 words
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Page 10 Advertisements
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Advertisement34 2000-09-09 10 An ill fmJ I I i f i I I I i 1' 1 1 I —'-j >* V'/ or fast. f cask! Convert your spore items to fost cosh. Coll C.A.T.5. ot 1800-737-1166. f&StSM/S34 words
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REGIONAL news
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388 2000-09-09 11 KUALA LUMPUR With benign global environment, region's recovery in next few years will be domestically-based Reuters FINANCIAL reforms in key Asian markets excluding Japan are moving forward enough to support long-term growth of 5-6 per cent, a senior economist at Salomon Smith BarneyReuters - 388 words
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387 2000-09-09 11 BANGKOK Excess liquidity and higher expenses leave no choice Reuters EXCESS liquidity may force Thai banks to cut interest rates further this year, the president of the Thai Bankers Association said yesterday. "Nobody wants to cut rates, but we have to because ofReuters - 387 words
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NOTEBook
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Article, Illustration83 2000-09-09 11 AFP [KUALA LUMPUR] Malaysian dancers posing during a press preview of the musical Bollywood at E-Village, an entertainment village which is Malaysia's version of Hollywood, in Dengkil on the outskirts of Kuala Lumpur. E-Village, which was launched yesterday by Prime Minister Mahathir Mohamad is a multi-millionAFP - 83 words
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101 2000-09-09 11 Reuters [MANILA} The Philippine central bank said yesterday it would raise its key policy rates by one percentage point each effective from Monday, but analysts said the move would not reverse current negative sentiment on the peso. The central bank kept bank reserve requirementsReuters - 101 words
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87 2000-09-09 11 Reuters [LONDONI China Telecom wants to cut loose non-core businesses ahead of a planned listing which may be open to foreign partners, the Financial Times said yesterday. The firm is looking to cut about 200,000 staff from its payroll of over half a million employeesReuters - 87 words
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Article40 2000-09-09 11 Reuters [NEW DELHI] India began to feel the pinch of a strike by state telecom workers yesterday as the stoppage entered its third day. Voice and data links across much of the country were hit. ReutersReuters - 40 words
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295 2000-09-09 11 JAKARTA AFP TIMBER tycoon Mohammad "Bob" Hasan, a business partner of former Indonesian president Suharto, has been put back under detention pending trial on graft charges, reports said yesterday. Hasan, who is facing charges of causing U5575.5 million (*****.7 million) inAFP - 295 words
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451 2000-09-09 11 JAKARTA Reuters INDONESIA'S banking sector is mired in troubles more than two years after it collapsed into insolvency and even one of the world's most costly bank bailouts is proving of little help. The sector's recovery is a critical element of IMF-led internationalReuters - 451 words
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Article, Illustration582 2000-09-09 12 HONGKONG But it won't be soon as China has to first ease rules on a range of issues, says its chairman Bloomberg HSBC Holdings pic said it may sell shares on Shanghai's stock exchange, joining more than 300 foreign firms seeking to tradeBloomberg; AFP - 582 words
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Article401 2000-09-09 12 Spending to increase 5.8%; passage of Bndget paves the way for national elections ■BANGKOK Bloomberg THAILAND'S Parliament yesterday approved the next national Budget, with a 5.8 per cent increase in spending, aimed at bringing the country closer to national elections and restoring investors' confidence. Prime MinisterBloomberg - 401 words
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325 2000-09-09 12 HONGKONG Bloomberg, AFP THE Asian Development Bank, a Manila-based institution that lends for projects to improve Asian economies, will receive US$5.6 billion (559.7 billion) from member donations and through loan repayments. Singapore becomes a contributor for the first time. The replenishment, which willBloomberg,; AFP - 325 words
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150 2000-09-09 12 HONGKONG Bloomberg FIRST Pacific Co, a Hongkong-based conglomerate controlled by the Salim Group, said it planned to spend US$77 million (*****.3 million) to increase its stake in the world's No 1 instant noodle maker PT Indofood Sukses Makmur to 48 per cent from 40Bloomberg - 150 words
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Article, Illustration203 2000-09-09 12 BOMBAY AFP SABEER Bhatia, the Indian-born co-founder of Hotmail, announced on Thursday the launch of a new technology portal named Arzoo.com. "We are pleased to create the single most trusted resource of expert engineering talent for companies in need of technolo-gy-related solutions and support," heAFP - 203 words
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Advertisement1172 2000-09-09 11 AURIC PACIFIC GROUP LIMITED RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 2000 The Directors of Aunc Pacific Group Limited announce the following unaudited results for the si* months ended 30th June 2000:PROFIT A LOSS STATEMENT GROUP COMPANY Si* months ended 30 June Six months ended 30 June 2000 19991,172 words
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Advertisement1192 2000-09-09 12 SAN TEH LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of San Teh Ltd (the "Shareholders") will be held at 701 Sims Drive #06-01, LHK Building, Singapore *****3 on 5 October 2000 at 3.001,192 words
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WORLD news
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540 2000-09-09 13 FRANKFURT It names chief operating officer and will send more managers to boost control Bloomberg DAIMLERCHRYSLER AG will pay 10 per cent less for a Mitsubishi Motor Co (MMC) stake and appointed Rolf Eckrodt as chief operating officer, increasing its influenceBloomberg - 540 words
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Article, Illustration578 2000-09-09 13 TOKYO President to resign over complaint cover-np scandal Reuters JAPAN'S Transport Ministry yesterday said it would seek criminal charges against Mitsubishi Motors Corp in connection with a complaint cov-er-up, and in a largely symbolic slap on the wrist would ask a Tokyo courtReuters; REUTERS - 578 words
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Article, Illustration494 2000-09-09 13 TOKYO Reuters JAPAN sent strong signals yesterday that it was prepared to sell yen to block the currency's ascent while the Bank of Japan (BOJ) said it could not raise rates soon, quashing fears of such a move by the endReuters - 494 words
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392 2000-09-09 13 TOKYO Bloomberg BRIDGESTONE Corp shares fell as much as 16 per cent after the US Justice Department said it was considering a civil or criminal investigation into the company's recall of tyres on Ford Motor Co vehicles. The department respondedBloomberg - 392 words
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Article, Illustration678 2000-09-09 14 With his lag in polls, Mr Bush signals changes to his campaign strategy Reuters [DETßOlT] After leading in opinion polls for months, Republican nominee George W Bush on Thursday recast himself as the underdog in the presidential race and signalled changes in his campaign styleReuters; AP - 678 words
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613 2000-09-09 14 TOKYO Changes will be less radical this time compared to April when stocks fell 15%: analysts Reuters PLANNED changes in the 225 stocks that make up Japan's most closely watched barometer, the Nikkei Average, have market players worried after the last reshuffle inReuters - 613 words
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605 2000-09-09 14 NEW YORK Reuters J P Morgan Co Inc has a world-famous name, an enviable client list and a booming money management business. But that might not be enough to go it alone in today's merger-crazed Financial industry. TheReuters - 605 words
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Article, Illustration416 2000-09-09 14 Fly me to the moon to view my piece of real estate LONDON• Reuters FORMER US presidents Jimmy Carter and Ronald Reagan have some, John Travolta and Nicole Kidman went for it, and the cast of Star Trek just couldn't resist. Now Britons can join the illustrious and growing listReuters; REUTERS - 416 words
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Article, Illustration551 2000-09-09 14 LONDON Sandi minister wants to keep price in USS22-28 range Bloomberg, Reuters, AP CRUDE oil fell more than 3 per cent from a 10-year high amid speculation Saudi Arabia, the world's top oil producer, will persuade Opec colleagues at a meeting on SundayBloomberg,; Reuters,; AP - 551 words
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224 2000-09-09 14 MANCHESTER AP MANCHESTER United is considering offering players share options to combat the higher salaries and transfer fees paid by other top European clubs. Manager Alex Ferguson complained recently about Manchester United's relatively rigid salary structure and his inability to compete with topAP - 224 words
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Advertisement1497 2000-09-09 13 ALLGREEN PROPERTIES LIMITED (Incorpordted m the Repubhc of Singapore) Unaudited Half Year Financial Statement And Dividend Announcement Half-year financial statement on consolidated Group Company results for the six months ended 30 June 2000. ssooo s$ 000 I These figurfiS hove not been Oudlted Latest Previous Change Latest Previous Change •/21,497 words
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Advertisement22 2000-09-09 14 80 PLEASURE BOATS/ SEA SPORTS Glide your eyes over here if you love a splashing good time. CATS.! The Straits Ti/nes Classified22 words
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FINANCE & commodities
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329 2000-09-09 15 Chan Yet San Refco Singapore - SGX Derivatives fadingßeports ST Index/MSd STpore Index Chan Yet San Refco Singapore THE Singapore stock market ended just a little lower on weakness of computer-relat-ed counters. The Straits Times Index shed 6.44 points or 0.3 per cent to close at 2.135.05 points. Within the329 words
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265 2000-09-09 15 Chan Yet San Refco Singapore - MSd Taiwan Index Chan Yet San Refco Singapore THE Taiwan stock market continued to drop yesterday, for the fourth time in five days, led by technology stocks. The MSCI Taiwan Index declined by 1.98 points or 0.6 per cent to end at 322.95 points. This265 words
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Article163 2000-09-09 15 Reuters [NEW YORK] Comex gold was softened by fund seUing in early trade yesterday, with the currency-obsessed bullion market pinning hopes on a steadying euro for any support for the yellow metal, dealers said. December gold turned a modest opening gain into a 60 centReuters - 163 words
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Article334 2000-09-09 15 Reuters London THE yen fell against the US dollar and the euro yesterday after a downgrade of Japan's sovereign debt but sterling stole the limelight as it fell to seven-year lows for the third consecutive day against the greenback. The pound shed about two cents on the dayReuters - 334 words
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Article, Illustration1266 2000-09-09 15 DtTERBAKK CROSS RATES V// C$ gtub Euro Ffr Dm HK$ tod »s Buplah Yon Won BM H2S Pafc »s Peso S$ Rand Sfr WT$ BaM Pond US$ Australia 0.827 4.652 0.642 4.213 L256 4.371 25.579 47.022 0.591 6.214 2.130 1.334 30.668 25.509 0.971 3.978 0.994 17.419 23.259 0.391 0.560 Canada1,266 words
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Article1902 2000-09-09 15 SICOM FUTURES Sep8 RUBBER (futures ctosinq is at SJOpa) RSS1 cwrtsA?) dot* Volume OpM Month Kl9to Law Sett (tonnes) Interest Oct 00 113.50 No* 00 115.25 Dec 00 116.50 Jan/Mar 001 119.75 RSS 3 CONTRACT (US ctnts/kq) Volume Open Worth Hhjh Low Sett (tonnes) Interest Oct 00 63.75* 2750 Mo*1,902 words
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STOCKS east asia
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Article, Illustration2868 2000-09-09 16 HONGKONG AFP, Reuters n Hang Seng -15&5 HONGKONG share prices fell 0.9 per cent yesterday despite a rebound in the technology heavy Nasdaq market in New York overnight, dealers said. The Hang Seng Index shed 156.5 points to close at 17,275.45 on a turnoverAFP,; Reuters - 2,868 words
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2009 2000-09-09 16 TOKYO AFP □Nikkei 225 +20L09 SHARE prices in Tokyo rose 1.2 per cent yesterday as investors welcomed a recovery on the technology-heavy Nasdaq Composite Index in the United States, brokers said. The Tokyo Stock Exchange's Nikkei-225 Index climbed 201.09 points to close atAFP - 2,009 words
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Article, Illustration1035 2000-09-09 16 Reuters, AFX-Asia fl Shenzhen B Index -0.36 CHINA'S hard currency B shares closed mixed in thin trade yesterday with most investors sidelined, still spooked by a strong technical correction over the past two weeks. The Shanghai B Share Index closed up 1.3 per cent at 69.971. Turnover fell toReuters,; AFX-Asia; Source: Credit Lyonnsis Securities(Asia) Ltd - 1,035 words
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Article350 2000-09-09 16 AFP QWP Index -6ZM TAIWAN shares closed 0.8 per cent lower yesterday on selling in technology stocks, despite overnight gains on the tech-heavy Nasdaq Composite Index, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 62.94 points to 7,367.99, on turnover of NT$7l.7 billion. "Nasdaq's overnight rally failedAFP - 350 words
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Advertisement9 2000-09-09 16 Business Tools lust imagine life without them. Buyk nndh9 words
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STOCKS klse
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Article, Illustration444 2000-09-09 17 AFP Q Composite Index J-3JM MALAYSIAN shares closed 0.5 per cent lower in thin trade yesterday with no fresh leads to attract buyers, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 3.83 points to 739.81. The Second Board Index lost 1.7 points toAFP - 444 words
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Article9055 2000-09-09 17 INDUSTRIALS Consumer products 2000 Lilt Vol My Net Cm HUH Lew C if any SH 'OOP Htffc L— P/M. SW 420 310 Ajlnomoto 350 20 6 3S0 3S0 19.1 1419 158 58 Angkasa 58.5 -2 13 59.5 58 86.3 670 290 Apollo Food Hlg 450 9.8 180.0 3725 2700 BAT50C9,055 words
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Advertisement16 2000-09-09 17 Fits the job to a tee. Will blossom in the post. Find the rigM candidate. /vN16 words
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Page 18 Advertisements
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Advertisement482 2000-09-09 18 T^^^i^?^S^^!Ts^!ffyP^^^^^^^^^?^^sSi^^-J:r^ tL,~*JI~T r" v tfwra**® 1 m L Ijerj I fl 9| 18 '!> i f W :i| i^' 1 J J In i 7r'fii*"'' >: ffi if j"~ iam tffiwifl Zj£si .*J$, f* v ~*.n HBI "BKTCWJW JPPiSI fISSRHBMB .4^^ mKBS hr IHHHHF79' t^lt^fywnP^Pf^PfTSP^ff^jMP^BlfyffiilfiSßßMß^B _/y* MMMtt JfljjHßHjfßf* J l482 words
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SGX clob & regional stocks
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Article2907 2000-09-09 19 BONDS A WARRAHTS seps W1 Wr*i fr«■/ tiparv v ,,,1 Laat 1M Day LnlQiili *n mm Can bar OtK Mk M# laa I Ma *m- COM) M# Lot layar M» »fca WM Ml* Mca WW 6aarta»l U»l 515 115 I AcmaW*****4 11.5 -0.5 61 12 11.5 11.5 12 12 41.02,907 words
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Article314 2000-09-09 19 AFP Q Composite Index -2.69 THE Korea Stock Exchange Composite Index closed down 2.69 points at 653.68. Volume was 301 million shares worth 1.9 trillion won. —AFP Stfl «M *h Anam S#mi —8770 -90 Br*m T»ch 780 10 Cwitral Bank 640 unch ClwflComm *****0 2500 DM C«i B«n* 2040AFP - 314 words
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Article282 2000-09-09 19 AFP Q Composite Index +0.65 PHILIPPINE shares edged up yesterday after the central bank raised interest rates to shore-up support for the peso, brokers said. The Philippine Stock Exchange Composite Index rose 0.65 of a point to 1,523.69. Volume fell to 310 million shares worth 935 million pesos. —AFPAFP - 282 words
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Article259 2000-09-09 19 AFP QNZSE-W *«J2 DEBT collection and company information group Baycorp was the star performer on the New Zealand share market which rose by 0.3 per cent yesterday. The NZSE-40 Capital Index closed up 6.12 points at 2,088.18, on total turnover of NZ5103.9 million. —AFP iwi «n iooo) Advantage MOSAFP - 259 words
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Article548 2000-09-09 19 AFP HAn Ordinaries +12i> AUSTRALIAN share prices rose 0.4 per cent yesterday with majors BHP, News Corp and the banks pushing the market into positive territory, brokers said. The All Ordinaries Index finished 12.5 points higher at 3,278.9 points, while the SP/ASX 200 was up 13.7 points at 3,320.3.AFP - 548 words
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Article, Illustration758 2000-09-09 19 AFP □set Index -L 24 THAI shares fell 0.4 per cent yesterday as selling in the banking and communications sectors slightly outpaced speculative buying in finances and bargain-hunting in energy stocks, dealers said. However, some bargainhunting in PTT Exploration Production helped limit the market's fall, they said. The StockAFP - 758 words
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Article, Illustration653 2000-09-09 19 AFP Q Composite Index -1.67 INDONESIAN share prices closed slightly lower yesterday in line with regional market weakness and amid tight liquidity, dealers said. An institutional dealer with a Singapore brokerage said: "Market sentiment was not that bad. We still see buying interest in some stocks but liquidity isAFP - 653 words
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Advertisement19 2000-09-09 19 F BT *I^lH Hi B I A V f f I •1 V K»1 Bill TheßusinessTimes INTELLIGENCE CHANGES EVERYTHING.19 words
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Article8125 2000-09-09 20 SGX MAINBOARD Transaction date: Sep 8 Or Or M W» 2 Lilt VM Day Last Quota Dtv Mv VM Net Cap Avg Ht9h Law Company Sala COOP) Ml<h Law Buyaf Salter C *f P/C Smll Prtca mutl HHJtTiT 163 101 m c AcmaSOc 112 unci. 62 M m8,125 words
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Advertisement9 2000-09-09 20 Communication Tools Just imagine life without them. San fwh.9 words
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Advertisement313 2000-09-09 21 Where to wine, dine and entertain..^ "SKang yue" this Mid Autumn Festival with Plaza Parkroyal's delicious mooncakes available at Cafe Plaza or Si Chuan Dou Hua Seafood Restaurant. Mooncakes Lotus Seed Paste with Twin Yolk #J4 White Lotus Seed Paste with Twin Yolk $34 Golden Lotus Seed Paste with Almond313 words
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Advertisement74 2000-09-09 21 rirn I HOTEL GRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road. Singapore *****7 Tat 737 9944 Ext 400/02 Fax: 733 3175 Wh jM n Wine, Dine Entertain of The Business Times I —Contact Patrick Ang @> 740 1284 I or Amy (hoo<& 740 1559 now I over the others. Advertise in74 words
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Advertisement57 2000-09-09 21 a feast with the Vietnamese at Chatterbox Coffeehouse 1-10 September 2000 A-la-carte and set menus are x available for lunch and dinner daily. Set menu from $28,004 per set. 11:30 am to 2:30 pm DINNER: 6:30 pm to 10:00 pm Please 831 6291 jjl^^^^KCtaertXOC CoffcehouK tloor ><?' J Orchard Road.57 words
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Page 21 Miscellaneous
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Miscellaneous894 2000-09-09 21 h|| Central 12.00 MN What Went 7.00 Tahukah Anda?. 1.30 Corporate Watch. Q<w am rp. Wrong?. 730 Belaian Kasih. 2.00 Headline Graphics. nSrn. l ?cwfJl 12,30 AM Tonight With Gur- 8.00 Berita. 2.02 To 6.00 am: Real-time mit. 8.30 Pertemuan. Financial Data. 8-30 lt,le Hippo. 1.00 Cinema, Cinema, Cine- 9.30894 words
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Miscellaneous274 2000-09-09 21 CRYPTIC CROSSWORD ACROSS 4 Fit to enter court house (6) 6 Whole lameness qualified for 5 Guide taking people to hill (6) this? (5,2,6) 6 Turning up with stuff, I celebrate 8 The actual thing is left off (6) 03) 9 Flighty, sometimes going after 7 Worth second prize for274 words
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TheArts
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Sizzling September
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Article, Illustration672 2000-09-09 22 Parvathi Nayar - By Parvathi Nayar OPENING at the end of this month, the week-long Art Singapore 2000 will fill a gaping hole in the Singapore artscape: a visual arts fair that highlights the best of Singapore and the region, and brings together those with an interest in672 words
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Article, Illustration1370 2000-09-09 22 Cheah Ui-Hoon - By Cheah Ui-Hoon AMERICAN Sean Curran was in Singapore 15 years ago. Frenchman Thierry Malandain had not been back since the last decade, and the only time Briton Richard Wherlock stepped foot here was 12 years back. This month, they will stage a dramatic returnPHOTOS BY SIEW YAW HOONG; SIEW YAW HOONG - 1,370 words
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Article1089 2000-09-09 23 M Yasotha - Compiled by M Yasotha MUSIC Singapore Symphony Orchestra Beethoven Piano Concerto Cycle/SSO Sounds of Asia Series Russian pianist Alexander Markovish, well known for his chamber music collaborations with violinists Vadim Repin and Maxim Vengerov, is soloist in Beethoven's imposing and tragic Piano Concerto No 3. The rousing Ruslan1,089 words
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Article, Illustration178 2000-09-09 23 Cheah Ui-Hoon - By I Cheah Ui-Hoon The Buzz: The 1999 Pulitzer prize-winning play, Wit, that has taken New York and London by storm makes its Asian premiere in Singapore. Plot and players: A professor of English who studies 17th century poet John Donne's Holy Sonnets is stricken with cancer. In Wit,178 words
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Article, Illustration1160 2000-09-09 23 LEAH RAY - Retired GP and classical Indian dancer Uma Rajan is as surprised as anyone to find herself on the cutting edge of e-development She shares her story with T B W bat LEAH RAY DR Uma Raj an, formerly a Ministry of Health GP, neverFILE PHOTO - 1,160 words
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Article, Illustration849 2000-09-09 24 CHEAH UI-HOON - Mexican ambassador Eduardo Ramos-Gomez sees common grounds in Mexico and S'pore's multi-cultural roots, a feature which is reflected in the coming Festival Mexicano 2000. CHBAH UI-HOON catches up with the affable diplomat who helped raised $685,000 for 10 local charities CHEAH UI-HOON THERE was not much of aPHOTO BY CHRIS LOH - 849 words
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Advertisement21 2000-09-09 22 Mexico ambassador HUsjHk Eduardo BWJMj Ramos-Gomez W BmSIpI embraces PHKflg diversity in Ean^ppgsPa^p^S^^^H cultures and charities BEL 3 MHe£— i ■rW*****8821 words
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